How to trade a fast moving YEN pair
The YENS have been going nuts.
From moving 50 pips a day it has started to move close to 120 - 190 pips.
This means when we trade, our stop loss needs to be wider and hence the position size smaller.
We have sold AUDJPY seeing the weakness in H1, M30 and M15. All trends are still down.
Hopefully it will hit the bottom for a 300+ pip ride.
Good luck!
From moving 50 pips a day it has started to move close to 120 - 190 pips.
This means when we trade, our stop loss needs to be wider and hence the position size smaller.
We have sold AUDJPY seeing the weakness in H1, M30 and M15. All trends are still down.
Hopefully it will hit the bottom for a 300+ pip ride.
Good luck!